New Jersey Car Insurance Rates
Average auto insurance rates in New Jersey for 2018 are $1,330 a year for full coverage insurance. Comprehensive insurance, collision insurance, and liability coverage cost approximately $296, $540, and $344, respectively. Newark, East Orange, and West New York have more expensive rates, and the three largest writers in New Jersey are Geico, NJM Insurance, and Allstate.
Average rate for full coverage: $1,330
Price estimates by type of coverage:
40-year-old driver, full coverage with $500 deductibles, and good driving record
Price Range for Car Insurance in New Jersey
For a driver around age 40, prices range from as cheap as $406 for the bare minimum liability coverage to the much higher price of $2,874 for a high-risk insurance policy.
These differences illustrate why everyone should compare rates quotes using their specific location and their own personal driving habits, rather than using generic averages.
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Recommended Companies for Cheap New Jersey Insurance
The chart estimates New Jersey car insurance prices for various situations. The cheapest price with discounts is $764. Drivers who choose higher $1,000 deductibles will pay about $1,140. The average price for a middle-aged driver with a clean driving record using $500 deductibles is $1,330. Selecting more expensive $100 deductibles for physical damage coverage will cost more, up to $1,700. High risk drivers could be charged as much as $2,874. The rate for full coverage for a teenager can climb as high as $4,896.
Insurance prices in New Jersey can also vary considerably based on the type of vehicle you drive, your risk profile, and physical damage deductibles and liability limits.
Your choice of vehicle is a large factor when calculating the price of auto insurance in New Jersey. Choosing to drive a lower-cost and safe vehicle will save money on insurance primarily due to lower cost for replacement parts and less likelihood of injuries in accidents. The next table shows auto insurance estimates for the top vehicles in New Jersey.
|Make and Model||Premium||% to Avg|
|Get Rates for Your Vehicle Quote Now|
Annual estimated premium for full coverage, $500 deductibles, driver age 40 with clean driving record.
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Your choice of car insurance company definitely affects the cost of coverage. In each state, every insurer sets their own rates, and prices have large differences based upon different risk factors.
In New Jersey, auto insurance prices range from $1,089 with 21st Century to as high as $3,948 with Hanover. Other companies like Travelers, New Jersey Manufacturers, and Penn National are neither the lowest or highest. That is probably not the exact rates you would pay, as your vehicle make and model, your driving record, and your location in New Jersey all factor in.
|Rank||Company||Market Share||Average Rate|
|Get Your Rates Quote Now|
Source: National Association of Insurance Commissioners (NAIC) 2015 Market Share Report and The Zebra
A more mature driver with no violations or accidents and high physical damage deductibles may only pay around $1,200 every 12 months on average for full coverage. Prices are highest for teen drivers, where even without any violations or accidents they should be prepared to pay in the ballpark of $4,800 a year. View Rates by Age
If you like to drive fast or you caused a few accidents, you are probably paying anywhere from $1,600 to $2,100 additional per year, depending on your age. Insurance for high-risk drivers is expensive and can cost around 43% to 134% more than average. View High Risk Driver Rates
Choosing high deductibles can reduce prices by up to $560 a year, whereas buying more liability protection will push prices upward. Switching from a 50/100 bodily injury limit to a 250/500 limit will cost as much as $309 more each year. View Rates by Deductible or Liability Limit
Where you live in New Jersey also has a big influence on auto insurance rates. Areas with less crime and congestion could see prices as low as $1,000 a year, whereas some neighorhoods in Newark and East Orange could have rates closer to $2,000. Even areas within a few miles of each other in the same city can have significantly different rates.
These geographic rate differences emphasize why it is so important to get rates based on where you live in New Jersey.
With so much variability in prices, the only way to figure out which car insurance is cheapest is to regularly compare prices and see how they stack up. Every auto insurance company uses a different rate calculation, and rates can be significantly different between companies.
New Jersey Auto Insurance Articles
- How Much is New Jersey Car Insurance?
- Who Has the Cheapest Insurance Quotes for a Toyota RAV4 in New Jersey?
- How Much Does Insurance Cost for a Chevrolet Equinox in New Jersey?
- How Much Does Insurance Cost for a Chevrolet Silverado in New Jersey?
- Who Has Cheap Insurance Quotes for a Ford Explorer in New Jersey?
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Rate Tables and Charts
Rates by Driver Age
Full coverage, $500 deductibles
Rates by Deductible
Full coverage, driver age 40
Rates by Liability Limit
Full coverage, driver age 40
Rates for High Risk Drivers
Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident
If a financial responsibility filing is required, the additional charge below may also apply.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
|5-yr Accident Free||$100|
|5-yr Claim Free||$86|
|Paid in Full/EFT||$62|
Discounts are estimated and may not be available from every company or in every state.